Argentina President Javier Millie is ordering an investigation into the cryptocle of KIP
Argentina President Javier Millie has ordered the investigation of the launch of the $ Libra encrypted currency, which has sparked widespread controversy.
The decision comes after concerns about the legitimacy of the project arose, which prompted Miley to delete the social media publication that was promoted at the beginning. The probe will examine whether any violations have occurred regarding the issuance of the encrypted currency.
President Javier Millie orders an investigation at $ Libra Cryptocurrency
According to X postThe President’s office issued an official statement specifying the decision of Miley to start an official investigation into the $ Libra encrypted currency and its relationships to KIP. The statement, which was issued after the collapse of Price Breik Mesirin, confirmed that the president had instructed the Argentine Anti -Corruption Office (OA) to determine whether any government official, including himself, is involved in inappropriate behavior related to the project.
For more transparency guarantee, Milei also ordered the creation of an important investigation unit (UTI) within the presidency. This unit will include representatives from government agencies specialized in organizing cryptocurrency, financial activities, and money laundering. Thus, the goal is to collect and analyze all relevant data on the $ Libra icon, KIP and individuals or organizations participating in the project.
After that, the results of the investigation will be presented to the judicial authorities, which will evaluate whether any legal violations have occurred. The President’s office confirmed that Miley commitment to clarify the entire situation and accountable for any parties that it found that they participated in committing violations.
KIP protocol denies a role in launching encrypted currency
After the general audit, the KIP protocol issued a statement refusing to participate in the market launch and manufacture activities for $ Libra. The company stated that the distinctive symbol is fully managed by Kelsier Ventures, a separate entity represented by Hayden Mark Davis. The KIP protocol explained that its role was limited to managing and supervising technical projects after the launch, instead of issuing the encrypted currency.
“KIP was invited after its launch to oversee the selection of funded technology projects and provide technical infrastructure for artificial intelligence initiatives.” KIP also emphasized that they did not keep any of the cryptocurrencies associated with the launch or achieving any financial gains from the project.
Although KIP rejected, some users indicated that the company has shared the posts that celebrate the success of the balance code $. This led to more doubts about her claims not to overlap.
The Binance Founder weighs with the growth of general audit
The launch of $ Libra and the subsequent controversy have reactions from the numbers in the encrypted currency. The founder of Binance Changpeng ‘CZ’ Zhao commented on the situation, warning of the risk of celebrities backed by celebrity. His remarks came when concerns about the possibility of making misleading promotional offers and possible fraudulent activities.
The public’s reaction is intensified after President Millie was removed from his post on social media about the balance $.
President Javier Millie’s office stated that Miley is often involved in jobs that support new companies and investments in Argentina and did not participate in the development of the encrypted currency. The decision to remove the post, according to the statement, intended to prevent more speculation about the government’s participation.
An investigation to examine the main players and financial transactions
With the creation of the investigation mission unit, government authorities will analyze financial transactions and other records related to the launch of $ Libra. The unit will evaluate whether investors have been misled and if any violations occur in the issuance of cryptocurrencies and market activity.
Moreover, there was speculation about possible internal trading with Lookonchain to set A merchant used $ 2.02 million to buy $ 5.08 million in scales, then made more than 6.72 million dollars quickly after selling immediately after launching with 11 portfolio from the inside that achieved $ 43.8.
However, amid the clarifications from the Protocol of Argentina President Javier Millie and the KIP protocol, the scale price is greatly recovered. At the time of the press, the scale was traded at 0.4349 dollars, with 97 % of the lowest level of the day at 0.123 dollars, but 58 % of its highest level remained over $ 1.03 only 24 hours ago
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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